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Dec 30, 2012
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cliff deal. he is was on meet the press. republicans weren't happy with that appearance because he they felt he was blaming them. new development in the last hour or two, vice president biden has come back from delaware. he is now here at the white house. he has had two phone calls with mitch mcconnell. in previous budget battles, joe biden has been the closer on these deals. his coming back from delaware might be a sign they are moving a little closer. that will be something to watch. the whole thing about changing cpi and reining in cost of entitlements, republicans are judging in on that. take a listen. >> one of proposals we made was something called change cpi but basically makes an adjustment in terms of how inflation is calculated on social security. highly unpopular among democrats not something supported but to strengthen social security in the long time i'm willing to make those decisions. >> reporter: in the morning, the president seemed to be opening the door to rein in those entitlem
cliff deal. he is was on meet the press. republicans weren't happy with that appearance because he they felt he was blaming them. new development in the last hour or two, vice president biden has come back from delaware. he is now here at the white house. he has had two phone calls with mitch mcconnell. in previous budget battles, joe biden has been the closer on these deals. his coming back from delaware might be a sign they are moving a little closer. that will be something to watch. the...
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Dec 9, 2012
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what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real progress. >> a unique moment in history where every developed country in the world, economists on both sides of the aisle, know the greatest threat to our country is fiscal solve advancecy. the minority party is trying to leverage the country into doing something great for our nation. it's a unique time and i hope the president soon will see the light. >> joining me the chris wallace. good morning. >> good morning, jamie. >> interesting interviews with optimism. do you think that -- they really believe a deal will happen and is each side willing to make a move? >> well, both senators said the
what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real...
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Dec 30, 2012
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now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said if republicans stop they will be to blame for the fiscal cliff. what role do you have in this don't you have to show leadership to break the imabout passe? the president went back to pointing the finger at republicans. take a list. >> speaker boehner and republican leader mcconnell to accept the fact taxes on wealthiest americans should go up a little bit. if folks can't say yes to good offers i have an obligation of the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >
now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said...
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Dec 29, 2012
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how are they dealing or how are they responding to the fiscal cliff talks? >> not well. i mean, it really depends on who you talk to. so many people range from confusion as to what is happening, anger, and some people don't want to deal with it. fiscal cliff, i'll think about that later. i'll think about that in 2013. now is the time to at least be aware of what you may be facing. also for your tax, for example, tax preparers, any cpa's that are out there, they're in sort of a wait and see mode at this time. they can't do a lot until they know what they're dealing with. and, in fact, what congress does and makes its move. so if you're looking forward to having that tax refund on time, if that's money that you look forward to every single year, you might want to plan for something different because there could be delays on the scene. it just depends on what happens. everybody is waiting to see what congress does before they can go through their process. >> heather: hopefully they will do something. thank you. carolyn castleberry. we appreciate you joining us. good friend
how are they dealing or how are they responding to the fiscal cliff talks? >> not well. i mean, it really depends on who you talk to. so many people range from confusion as to what is happening, anger, and some people don't want to deal with it. fiscal cliff, i'll think about that later. i'll think about that in 2013. now is the time to at least be aware of what you may be facing. also for your tax, for example, tax preparers, any cpa's that are out there, they're in sort of a wait and...
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Dec 30, 2012
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cliff deals. ed henry live at the white house with more. ed? >> the first time in over three years that the president appeared on a sunday talk show. he decided to put the onus on republicans saying that the fiscal cliff negotiations are up to them. gop leaders now say the president should stop playing the blame game. full details, coming up. the capital one cash rewards card gives ases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies
cliff deals. ed henry live at the white house with more. ed? >> the first time in over three years that the president appeared on a sunday talk show. he decided to put the onus on republicans saying that the fiscal cliff negotiations are up to them. gop leaders now say the president should stop playing the blame game. full details, coming up. the capital one cash rewards card gives ases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you...
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Dec 22, 2012
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cliff deal done. >> rick: speaking of both parties being involved, the president has to wonder who he's negotiating with, john boehner after he was not able to rally the troops? who is he supposed to be talking to? >> look, there is no substitute for him talking with john boehner and it will get a deal done, it will be obama and boehner. there is nobody -- the talk about somehow or another, boehner's speakership being in jeopardy, that is nonsense, no one is coming behind him and senator mcconnell, the republican leader of the senate is up for re-election and as we saw in the senate race in kentucky a few years ago, he may have to worry about a challenge from the right if he supports a tax increase. i think president obama is doing the only sane thing he can, which is reach out to the speaker and he controls the house and, that is -- and the good news for the president is the public seems by all the polls, by the fact the election came out the way it did, to be in his corner, not the speaker's. >> rick: the president -- you want to weigh in on that? >> i just -- >> rick: americans are i
cliff deal done. >> rick: speaking of both parties being involved, the president has to wonder who he's negotiating with, john boehner after he was not able to rally the troops? who is he supposed to be talking to? >> look, there is no substitute for him talking with john boehner and it will get a deal done, it will be obama and boehner. there is nobody -- the talk about somehow or another, boehner's speakership being in jeopardy, that is nonsense, no one is coming behind him and...
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Dec 22, 2012
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in sight to avoid the fiscal cliff. we'll debate whether it is possible now to come up with a win-win for both parties. now that republicans plan b is off the table. >> heather: santa's elves helping folks with their holiday haul, how one business is making sure people never have to tie their trees to their car again. ♪ ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. let'for an idea.s - a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like lerty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're gr
in sight to avoid the fiscal cliff. we'll debate whether it is possible now to come up with a win-win for both parties. now that republicans plan b is off the table. >> heather: santa's elves helping folks with their holiday haul, how one business is making sure people never have to tie their trees to their car again. ♪ ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. let'for an idea.s...
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Dec 23, 2012
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the two sides in the fiscal cliff debate had their say before heading home for christmas, but no deal of course. after house speaker john boehner called off his push for a plan b last week saying the ball is now in the democrats' court. there has been no movement toward any deal. democrats want tax hikes for the wealthy. republicans want spending cuts. and some in the gop say the president doesn't want to avoid the fiscal cliff. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all of this additional tax revenue for new programs and he gets to cut the military which democrats have been calling for for years and he gets to blame republicans for it. >> president obama for his part said he is optimistic a deal can still be reached. he spoke at the white house friday before leaving for hawaii where he is now. but at the same time the president acknowledging there might not be time for any kind of a grand bargain. he scaled back his goals and pushing not for
the two sides in the fiscal cliff debate had their say before heading home for christmas, but no deal of course. after house speaker john boehner called off his push for a plan b last week saying the ball is now in the democrats' court. there has been no movement toward any deal. democrats want tax hikes for the wealthy. republicans want spending cuts. and some in the gop say the president doesn't want to avoid the fiscal cliff. >> when i listen to the president, i think the president is...
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Dec 8, 2012
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and a new factor complicating efforts to reach a deal over the fiscal cliff. the president needs to make the next move. >> it is not going to help our economy, and it is not going to help those seeking work. i came out to put revenues on the table and to take a step toward the president to resolve this. when is he going take a step toward us? >>> welcome back and time for a quick check of the head loins. headlines. john mcafee is fighting deportation from guatemala to belize. he is wanted for questioning in the death of a neighbor. he became a millionaire after developing anti-virus software. >>> and former south african president nelson mandela is undergoing testing at a hospital. the 94-year-old hasn't made public appearances for years. >>> and a massive typhoon devastating the philippines has made a u-turn. the storm already killed nearly 600 people, and now it is threatening to mick a second land -- threatening to make a second landfall. greg? >>> president obama asking pong for tens -- asking for tens and billions of dollars. he is calling for $64 billion
and a new factor complicating efforts to reach a deal over the fiscal cliff. the president needs to make the next move. >> it is not going to help our economy, and it is not going to help those seeking work. i came out to put revenues on the table and to take a step toward the president to resolve this. when is he going take a step toward us? >>> welcome back and time for a quick check of the head loins. headlines. john mcafee is fighting deportation from guatemala to belize. he...
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Aug 12, 2012
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we should have a meeting on how we will deal with the fiscal cliff, how we will deal with fax reform, how -- with tax reform and setting our country in the right direction. i view the choice of congressman ryan as fantastic. we have two folks leading our ticket that are very bright, very directed to bring back that american vision, that american energy, and let's bring forward to the american public over the next 90 or so days a thorough dialogue on the recovery of our economy. >> he is the attorney general of georgia and speaking at the convention. thanks for joining us. it is going to be fascinating. >> with the economy bound to play a huge role, conservative voters could be drawn to the strong stance on fiscal responsibility. the campaign will run on governor romney's economic plan. steve is live with more on that. what are folks saying about it? >> romney's choice of a running mate puts a finer focus on the economy, especially on fiscal matters because of ryan's high-profile budget plan which cuts government spending while making fundamental changes to entitlement programs. mitt r
we should have a meeting on how we will deal with the fiscal cliff, how we will deal with fax reform, how -- with tax reform and setting our country in the right direction. i view the choice of congressman ryan as fantastic. we have two folks leading our ticket that are very bright, very directed to bring back that american vision, that american energy, and let's bring forward to the american public over the next 90 or so days a thorough dialogue on the recovery of our economy. >> he is...
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Dec 29, 2012
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plan a no deal and plan b back fire in the final hours before america goes over the fiscal cliff. they are trying to craft a plan c. america's news headquarters live from the nowy nation's capitol starts now. >> hello everyone. we are down to the wire and an impatient president obama is leaning on top lawmakers to cut a deal. senate leaders are rushing to hammer out a last ditch compromise. mike emmanuel is live with the latest on the negotiations. >> hi, molly it is it eye critical window. we are not expecting an announcement today, but they are trying to carve out a deal capable of winning bipartisan support. president obama said the u.s. can't afford a self inflicted wound to our economy. >> fortunate lie congress can prevent it from happening if they act right now. i had a good and constructive discussion with senate and house leadership about preventing the tax hike on the middle class and we should be able to reach an agreement to pass both house necessary time. >> senate leaders can't strike a deal. it would be a plan c. keeping tax cuts for those making $250,000 or less .
plan a no deal and plan b back fire in the final hours before america goes over the fiscal cliff. they are trying to craft a plan c. america's news headquarters live from the nowy nation's capitol starts now. >> hello everyone. we are down to the wire and an impatient president obama is leaning on top lawmakers to cut a deal. senate leaders are rushing to hammer out a last ditch compromise. mike emmanuel is live with the latest on the negotiations. >> hi, molly it is it eye critical...
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Nov 17, 2012
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they'll try to hammer out a deal to avoid the so-called fiscal cliff. they met for more than an hour at the white house yesterday emerging optimistic about a deal. but there are still major sticking points, including the tax rates for the wealthy. take a listen. >> tax reform that eliminates wasteful tax preferences to generate revenue will help bring fairness and efficiency to our tax system. this approach makes more sense than raising tax rates, which will harm nearly a million small businesses and cost hundreds of thousands of jobs. >> the other path is for congress to pass a law right away to prevent a tax hike on the first $250,000 of anyone's income. that means all americans, including the wealthiest americans, get a tax cut. 98% of americans and 97% of all small business owners won't see their income taxes go up a single dime. >> the senate passed a bill like this. democrats and the house are ready to pass one, too. all we need is for republicans in the house to come on board. >> rick: the chairman of the foreign civic pac, outreach director for
they'll try to hammer out a deal to avoid the so-called fiscal cliff. they met for more than an hour at the white house yesterday emerging optimistic about a deal. but there are still major sticking points, including the tax rates for the wealthy. take a listen. >> tax reform that eliminates wasteful tax preferences to generate revenue will help bring fairness and efficiency to our tax system. this approach makes more sense than raising tax rates, which will harm nearly a million small...
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Nov 18, 2012
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counting as we head to fiscal cliff. can lawmakers reach a deal and keep us from going over? digital politics effort will join us next. stirewalt after the break. don't miss it. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. [ birds chirping ] are you sure you can fit in there? [ chuckles ] ♪ ♪ [ male announcer ] around view monitor with bird's-eye view. nice work. [ male announcer ] introducing the all-new nissan pathfinder. it's our most innovative pathfinder ever. nissan. innovation that cites. ♪ so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thin
counting as we head to fiscal cliff. can lawmakers reach a deal and keep us from going over? digital politics effort will join us next. stirewalt after the break. don't miss it. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. [ birds chirping ] are you sure you can fit in there? [...
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Dec 22, 2012
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january 1st gets closer and no deal to stop us from going over the fiscal cliff. a live report coming your way . the benghazi report. independent panel said the state department failed to connect the dots in security in benghazi. the state department concedes that mistakes are made . the lawmakers want to hear from the secretary of state. we'll talk to thitate department and congress. i am uma with news headquarters live from the nation's capitol starts right now. >> are we all going over the fisical cliff? there is still no deal. steve joins us from washington with the latest on thes. >> hi, uma, the fiscal cliff may be looming. but both sides are pulting the dial on hold. no deal for the tooks . at times it appeared congress was made but not the case this weekend. house speaker john boehner said he is hopeful, but none theless of as the presidentov dubbinging the fiscal issue in the stapped off. boehner delivered the gop. >> the president has offedy will not do anything to solvelet speppeding problem and begins to the crippling debt. he wants more spending and t
january 1st gets closer and no deal to stop us from going over the fiscal cliff. a live report coming your way . the benghazi report. independent panel said the state department failed to connect the dots in security in benghazi. the state department concedes that mistakes are made . the lawmakers want to hear from the secretary of state. we'll talk to thitate department and congress. i am uma with news headquarters live from the nation's capitol starts right now. >> are we all going over...
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Dec 29, 2012
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so can we expect a deal here or is the nation heading over the fiscal cliff? >> we can still avoid going over the fiscal cliff if the president and the democrat-controlled senate step forward this week and work with republicans to solve this problem and solve it now. [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. >> gregg: time for a quick check of the headlines. police have a suspect in custody in new york city's deadly subway push. the woman apparently made statements implicating herself in thursday's murder of a 46-year-old man. >>> same sex marriages are now legal in the state of maine. the law went into effect at midnight and authorities immediately began issuing licenses and performing weddings. >>> a french court rejecting a 75% millionaire's income tax scheduled to begin in 2013. the tax would have made the rich contribute a whole lot more to cutting public deficit. >> arthel: here at home as senator leaders work beh
so can we expect a deal here or is the nation heading over the fiscal cliff? >> we can still avoid going over the fiscal cliff if the president and the democrat-controlled senate step forward this week and work with republicans to solve this problem and solve it now. [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. >> gregg: time for a quick check...
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Dec 9, 2012
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you know, when the president talks about, if we don't deal with the fiscal cliff, the average family will see their taxes go up $2,000 a year. in the last few years, their gasoline bill has increased $2500 a year. so we need to be dealing with the natural gas and the oil and the gasoline and the energy prices. >> not only a member of congress, a medical doctor and a psychiatrist. make you can get everybody on the couch. you mentioned taxes, taxes, taxes. here's an interesting take from robert robb. let me get your reaction to this. he said, quote, what obama is trying to do is force republicans to finance, through higher taxes and increased borrowing, the size of the furthermore government obama thinks is appropriate. obama likes his government super sized. republicans in the house, undoubtedly won't and shouldn't agree to obama-level spending. after all, they were elected in 2010 to put the brakes on obama's spending and were returned to power. the democrats say, but the president won re-election, so, in your point of view who, is right? >> the president continued to talk about redu
you know, when the president talks about, if we don't deal with the fiscal cliff, the average family will see their taxes go up $2,000 a year. in the last few years, their gasoline bill has increased $2500 a year. so we need to be dealing with the natural gas and the oil and the gasoline and the energy prices. >> not only a member of congress, a medical doctor and a psychiatrist. make you can get everybody on the couch. you mentioned taxes, taxes, taxes. here's an interesting take from...
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Nov 17, 2012
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possible tax increases if lawmakers can't reach that so-called deal over the fiscal cliff. you've heard about it. europe's economy on top of that is slumping. what should you do right now to protect your investments? ed joins to us let us know, should we sell, is that we should do? >> it depends on what you are talking about. what you have to do and we need for our clients put events in some sort of perspective. first thing you need to know everything that is happening in the world is going affect earnings. you have to hear an event and is that going to affect earnings and projected orientation stocks. what is going on in europe absolutely can because it can be part of that worldwide slow down. the fiscal cliff is next in line that absolutely could hurt the purchasing power that people have which in then hurt companies. both of those are events need to watch. >> heather: go ahead. >> one thing i want to add, what you can't do as an investor shorten your time horizon. don't let these things your short term decision-making. >> heather: i was going to say, first, let's deal wi
possible tax increases if lawmakers can't reach that so-called deal over the fiscal cliff. you've heard about it. europe's economy on top of that is slumping. what should you do right now to protect your investments? ed joins to us let us know, should we sell, is that we should do? >> it depends on what you are talking about. what you have to do and we need for our clients put events in some sort of perspective. first thing you need to know everything that is happening in the world is...
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Dec 2, 2012
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new push for the deal for fiscal cliff, not apparent for progress of this moment. the clock is ticking down. end the year for mandatory tax hikes set to kick in. welcome to new hour of "america's news headquarters." i'm eric shawn. >> i'm jamie colby. more talk of the miscall cliff is coming. house speaker john boehner in an exclusive interview with "fox news sunday" saying, "we're nowhere" in fiscal cliff talks with democrats. treasury secretary tim geithner saying and telling chris wallace republicans must accept the tax hikes for the wealthy to reach a deal. a deal is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner -- the big problem right now with the white house proposal that was just presented. >> jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what the president wants. and this is why. >> the president is asking for $1.6 trillion worth of new revenue in ten years. twice as much as he has been asking for in public. he had stimulus spendin
new push for the deal for fiscal cliff, not apparent for progress of this moment. the clock is ticking down. end the year for mandatory tax hikes set to kick in. welcome to new hour of "america's news headquarters." i'm eric shawn. >> i'm jamie colby. more talk of the miscall cliff is coming. house speaker john boehner in an exclusive interview with "fox news sunday" saying, "we're nowhere" in fiscal cliff talks with democrats. treasury secretary tim geithner...
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Dec 29, 2012
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degree of political risk long-term after the fiscal cliff deadline has passed. so, how will that affect the market on the economy in terms of spending cuts? >> well, my fear is that the compromise will be that we get the tax increases and they postpone the spending cuts and that's the ultimate objective. >> yes he. >> and you know, that is something that the economy will recover from and something will adjust to. remember, about half of the increased taxes on the average individual come from simply the roll off of that fica tax break we received the last two years, so, you know, the tax increases inasmuch as you think, but we push these things to crisis because the politicians, the lobbyists every chance to donate to their campaign and that's why everything is a crisis. three out of the last four years we've gone into the new year not knowing what the tax rates are, and i will be particularly disappointed if we get a 12-month patch and get to do it again the end of this year. >> well, you know, we have the spending cuts, we have the tax increases and we also hav
degree of political risk long-term after the fiscal cliff deadline has passed. so, how will that affect the market on the economy in terms of spending cuts? >> well, my fear is that the compromise will be that we get the tax increases and they postpone the spending cuts and that's the ultimate objective. >> yes he. >> and you know, that is something that the economy will recover from and something will adjust to. remember, about half of the increased taxes on the average...
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Aug 18, 2012
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does this hurt the economy if we deal with the fiscal cliff. >> it is a bad idea to do it right now to the world's largest economy. bearing in mind the euro zone has all sorts of problems involuntarily. because medium turn focus on the debt reduction. but right now, no, do not voluntary fall off of the fiscal cliff. you have plenty of the country world doing it anyway. >> we are talking about congress and that is your favorite topic. >> it requires political courage and there is no political courage in the congress whatsoever. and eventually we all have to pay the pipe yer they are not willing to. the president set up simpson-bowls and i was a commission and they made a respect and everybody bought into it and the report came out everybody turned their back on it. it is a ridiculous conversation if you think about it in the sense that congress is not going to do anything. no one is going to do anything. even when they have to, they will kick the can down the road. they will cut some spend raise taxs and mealy mouth their way through the thing until the people rise up and get them out o
does this hurt the economy if we deal with the fiscal cliff. >> it is a bad idea to do it right now to the world's largest economy. bearing in mind the euro zone has all sorts of problems involuntarily. because medium turn focus on the debt reduction. but right now, no, do not voluntary fall off of the fiscal cliff. you have plenty of the country world doing it anyway. >> we are talking about congress and that is your favorite topic. >> it requires political courage and there...
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Oct 14, 2012
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>>heather: serious new warnings for the economy: if washington, dc, fails to deal with the fiscal cliff, a series of looming tax hikes and spending cuts the financial experts are starting to say it will tank the economy. are lawmakers getting any closer to reaching a deal to solve the crisis? our senior anchor of "bulls and bears" is here to break it down. you make complicated issues simple. we are looking at what could happen if they do not agree. what do you think? >>guest: it is scary. we have $1 trillion in spending cuts, $450 billion in tax hikes that could happen if they don't make a deal. everyone is betting that it comes down to the 23rd or 24th or 25th hour and they will make a deal but so much depends on who becomes our commander in chief. that is what we we don't. the uncertainty is what could tank the economy right now, even before we get into any deal making. >>heather: that is something that has not been talked about, the fact there is so much uncertainty in the market. that will hurt us between now and the time the next president takes office. >>guest: businesses are afra
>>heather: serious new warnings for the economy: if washington, dc, fails to deal with the fiscal cliff, a series of looming tax hikes and spending cuts the financial experts are starting to say it will tank the economy. are lawmakers getting any closer to reaching a deal to solve the crisis? our senior anchor of "bulls and bears" is here to break it down. you make complicated issues simple. we are looking at what could happen if they do not agree. what do you think?...
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with the fiscal cliff and he's put entitle and spending cuts on the table and i think really, the issue here is whether republicans are going to be on the tax rates for the upper income folks. if that happens i think we'll have an agreement. if it it doesn't we could go over the fiscal cliff and right now the economy is in a fragile position. >> no one can argue with that one. a lot of criticism on both sides and a lot pointing to republicans that they want to see the fiscal cliff happen. is there any upside if we actually go over the cliff? >> there's no upside if we go over the cliff and what you've seen the last couple of weeks is political theater. that's how we negotiate things here in washington d.c. and the good news, the president put forth a plan and republicans have put forth a plan and i believe that obama will have to come to the table with more spending cuts and entitlement reform and republicans might have to give in to some tax increases and the cbo do a recent report, saying if republicans get what they want in extending the entire bush tax cut plan. it would only increa
with the fiscal cliff and he's put entitle and spending cuts on the table and i think really, the issue here is whether republicans are going to be on the tax rates for the upper income folks. if that happens i think we'll have an agreement. if it it doesn't we could go over the fiscal cliff and right now the economy is in a fragile position. >> no one can argue with that one. a lot of criticism on both sides and a lot pointing to republicans that they want to see the fiscal cliff happen....
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congressional leaders are hoping to hammer out a deal to avoid the fiscal cliff. it is clear that the lawmakers are strug struggling to find a common ground. but some are saying there is a compromise. >> the stock market rallied amidst the talk of a possible deal being made. but independent senator joe lieberman is saying there is no done deal. he says, if congress does nothing, which they have gotten pretty good at, we will go over the fiscal cliff. the republicans have conceded that the government needs to find new ways to take in more money and now the fight is centered on where to get it from. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come
congressional leaders are hoping to hammer out a deal to avoid the fiscal cliff. it is clear that the lawmakers are strug struggling to find a common ground. but some are saying there is a compromise. >> the stock market rallied amidst the talk of a possible deal being made. but independent senator joe lieberman is saying there is no done deal. he says, if congress does nothing, which they have gotten pretty good at, we will go over the fiscal cliff. the republicans have conceded that the...
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cliff. corvers are staying that republicaning are folding under pressure. steve forbes joins us. and the miracle on worthington street. and a massive explosion rocks a massachusetts. and all on america's news head quarters, don't go away. with verizon. hurry in this saturday and sunday for great deals. likehe lucid by lg, free. or the galaxy nexus by samsung, free. this weekend, get the best deals on the best devices on the best network. exclusively at verizon. >> welcome back. later today investigators are assessing the damage done to buildings near a strip club that exploded yesterday. a national gas explosion leveled the building. 18 people were injured there and first responders had evacuated the building when it exploded. listen up. there is a way law makers can avoid the fiscal cliff. the answer is going to require compromise and may include three tread words. some tax indreeses. if president obama want to go back to the clinton era. he needs to follow president obama's lead that inclu
cliff. corvers are staying that republicaning are folding under pressure. steve forbes joins us. and the miracle on worthington street. and a massive explosion rocks a massachusetts. and all on america's news head quarters, don't go away. with verizon. hurry in this saturday and sunday for great deals. likehe lucid by lg, free. or the galaxy nexus by samsung, free. this weekend, get the best deals on the best devices on the best network. exclusively at verizon. >> welcome back. later...
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the edge of the fiscal cliff looming larger as the clock ticks toward the deadline on january 1st. negotiators are trying to hammer out a deal over tax hikes and spending cuts searching for common ground. amid all the back and forth there are signing of a compromise. steve centanni is live in washington. are the two sides any closer together? >> reporter: there are two important signs today. speaker, house speaker john boehner met with president obama at the white house today. we don't know how long they met or exactly what they talked about, but the white house says lines of communication are open and face-to-face meeting is on important. at the same time republicans say they will accept the demands for higher taxes on the wealthy if it goes along with spending cuts entitlements like medicare and social security. listen.... >> a lot of people are putting forth a theory. i think it has merit where you give the president 2% increase he is talking about on the top 2 percent. i am beginning to believe that is the best route for us to take. >> reporter: many other republicans, of cours
the edge of the fiscal cliff looming larger as the clock ticks toward the deadline on january 1st. negotiators are trying to hammer out a deal over tax hikes and spending cuts searching for common ground. amid all the back and forth there are signing of a compromise. steve centanni is live in washington. are the two sides any closer together? >> reporter: there are two important signs today. speaker, house speaker john boehner met with president obama at the white house today. we don't...
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cuts and tax hikes everyone's calling the fiscal cliff. the white house and top lawmakers are at odds on how to avoid the crisis. on "fox news sunday" two key senators gave their thoughts on where the talks are headed. >> i would hope we would have one last attempt here to do what everyone knows needs to be done, a larger plan that stabilizes the debt and gets us moving the right direction and does it in a way that is cognizant than we have a economy that's recovering and is weak. >> the president is eager to go over the cliff for political purposes. he sees a victory at the bottom. he gets additional tax revenue, he cuts the military which democrats have been calling for and he gets to blame republicans for it. >> joining us now as he does every sunday, chris wallace. good morning, chris. >> good morning, eric. >> we just heard two conflicting views. one senator saying that they hope to have one last meeting. the other saying he thinks president obama wants to go over the fiscal cliff. chris, what do you think's going to happen? >> up til
cuts and tax hikes everyone's calling the fiscal cliff. the white house and top lawmakers are at odds on how to avoid the crisis. on "fox news sunday" two key senators gave their thoughts on where the talks are headed. >> i would hope we would have one last attempt here to do what everyone knows needs to be done, a larger plan that stabilizes the debt and gets us moving the right direction and does it in a way that is cognizant than we have a economy that's recovering and is...
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that story coming up next. >>> we are now nine days away from the fiscal cliff. what happens to you if there is no deal? well, your taxes are going to go up, no doubt about that. the tax policy center says households with an annual income of $20,000 to $30,000 can expect to pay $1,064 more in taxes. the average tax increase for someone making between $50,000 and $75,000 a year is $2,399 and for those making diss 100,000 to $200,000 a tax increase of more than $6,000 awaits you. there is only one person that can provide the leadership and that is the president of the united states. >> no, sir. >> there is only one person that can provide the leadership. rather than campaigning he should be here leading and, woulding with people and talking to folks on both sides of the aisle to get a solution so we don't go over the cliff. i believe the president is eager to go over the cliff. >> i don't believe that at all. there are 535 of us that can provide leadership. there are 435 in the house. there are 100 in the senate. there is the president. all of us have a responsibil
that story coming up next. >>> we are now nine days away from the fiscal cliff. what happens to you if there is no deal? well, your taxes are going to go up, no doubt about that. the tax policy center says households with an annual income of $20,000 to $30,000 can expect to pay $1,064 more in taxes. the average tax increase for someone making between $50,000 and $75,000 a year is $2,399 and for those making diss 100,000 to $200,000 a tax increase of more than $6,000 awaits you. there...
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now a lot of this pessimism has to do with the fear of falling off, know what, the fiscal cliff. if washington does a deal, small businesses may feel brightner the next survey. but for now the uncertainty means owners, who are the biggest drivers in employment, are less likely to hire more workers or invest in growth. one in five said they will cut their workforce the next twelve months. that's the highest since the survey began ten years ago. one in three predict they will slash capital spending the next year too. here is how gallop summed it up. survey suggests the u.s. economy is extremely fragile and possibly susceptible to another recession. we will take a look at what exactly the fiscal cliff means to small business owners and what they can do to prevent any damage. they could be among the hardest hit if we don't get a deal. shannon, back to you. >> so many consequences. all right. thank you, brenda. we asked, you answered. up next, your time to chime in on today's twitter question. and a must-see kicker video you do not want to miss. try running four.ning a restaurant is h
now a lot of this pessimism has to do with the fear of falling off, know what, the fiscal cliff. if washington does a deal, small businesses may feel brightner the next survey. but for now the uncertainty means owners, who are the biggest drivers in employment, are less likely to hire more workers or invest in growth. one in five said they will cut their workforce the next twelve months. that's the highest since the survey began ten years ago. one in three predict they will slash capital...
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>> if we don't address the fiscal cliff as chairman bernanke just recently mentioned it is a disaster for the country. we have to deal with it. the argument will be overtaxes do we raise taxes to solve the problem? in my belief the answer is tax reform. the current tax code is 76,000 pages you can raise taxes all you want when you have that many loopholes, rich, wealthy americans will do one of two things, either exploit those loopholes or the money will move offshore like it does for american. we need to broaden the tax base, i don't think just raising taxes the answer. i think the simpson bowles plan address it nicely. >> so many analysts have tkpwaopbg to that as being the model that would have worked so well. >> was a brilliant plan. >> doing something at markets and in the home market as well, what is your advice to middle class homeowners who can no longer count on their home earning equity many still dealing with underwater mortgages owing more to the banks than what their home is worth? >> i don't know the solution to that i know you uped on probably the biggest issue that ame
>> if we don't address the fiscal cliff as chairman bernanke just recently mentioned it is a disaster for the country. we have to deal with it. the argument will be overtaxes do we raise taxes to solve the problem? in my belief the answer is tax reform. the current tax code is 76,000 pages you can raise taxes all you want when you have that many loopholes, rich, wealthy americans will do one of two things, either exploit those loopholes or the money will move offshore like it does for...
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. >> there has been talk there has been some kind of a deal worked out to avoid this so-called fiscal cliff. are you aware of that? do you have any knowledge of it? >> no, we are really not. what we saw was the house frantically throughout the summer focusing on the issue and trying to pass legislation to prevent it. the president threatening to veto and the senate not taking it up. this should not be a partisan issue. when they say the cuts are going to be devastating and they are. it came out of no where. no military analysis. they decided to cut after the president decided without any analysis to cut more. >> let's change the subject a little bit. i want to talk about -- >> sure. >> the narrative that we are hearing in regards to the middle east situation right now. you have seen the shifting narrative from the administration. you have seen in large part the mainstream media kind of clingion to this concept that your guy jumped the gun when had the press conference immediately after the libya event. that he shot first and aimed later. but now the facts seem to be bearing out the pe
. >> there has been talk there has been some kind of a deal worked out to avoid this so-called fiscal cliff. are you aware of that? do you have any knowledge of it? >> no, we are really not. what we saw was the house frantically throughout the summer focusing on the issue and trying to pass legislation to prevent it. the president threatening to veto and the senate not taking it up. this should not be a partisan issue. when they say the cuts are going to be devastating and they are....
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avoid the so-called fiscal cliff. with just nine days until a series of potentially devastating tax hikes and spending cuts kick in and effectivery american taxpayer some are keeping the fight going and taking their case straight to the sunday talk shows. national correspondent is live in our washington, dc, newsroom. steve workers do we stand today? >>reporter: here is the bottom line: republicans want spending cuts. democrats want higher tax on the wealthy. neither side is giving in. last week, house of representatives speaker boehner called off the push for plan "b" saying the ball is in the democrats' court. a key republican said today what we really need is leadership. >> you want a leader, you have to lead. the president has been a pathetic first can leader. i would vote for revenues including tax rate hikes although i don't like them to save the country from becoming greece but i will not set aside $1.32 million in cuts. >>reporter: if nothing happens by the end of the year taxes go up for everyone. >>heather:
avoid the so-called fiscal cliff. with just nine days until a series of potentially devastating tax hikes and spending cuts kick in and effectivery american taxpayer some are keeping the fight going and taking their case straight to the sunday talk shows. national correspondent is live in our washington, dc, newsroom. steve workers do we stand today? >>reporter: here is the bottom line: republicans want spending cuts. democrats want higher tax on the wealthy. neither side is giving in....
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. >>> we are wrapping up a week where we heard negotiations on avoiding the so-called fiscal cliff were going no where on capitol hill. each side continues to dig in. but even if the president and house speaker john baner are able to reach a deal, there is no guarantee it would pass the lame duck congress. some say they are not sure they could go along with it. and some democrats might balk as well. everybody agrees that something has to be done, but so far no deal. >> first if congress does nothing, every family in america will see their income taxes go up on january 1st. a typical middle class family of four will get a $22 tax hike. that would be bad for families. it would be bad for businesses, and it would drag down our entire economy. >> we must get the national debt under control. tax increases will not solve our $sick teen trillion debt. only economic growth and a reform of entitlement programs will control the debt. >> let's say hello to our political panel. debbie is the former chair of vice president al gore's 2000 campaign in michigan. nice to see you. and chip is a former go
. >>> we are wrapping up a week where we heard negotiations on avoiding the so-called fiscal cliff were going no where on capitol hill. each side continues to dig in. but even if the president and house speaker john baner are able to reach a deal, there is no guarantee it would pass the lame duck congress. some say they are not sure they could go along with it. and some democrats might balk as well. everybody agrees that something has to be done, but so far no deal. >> first if...
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cliff? >> well, i think the immediate challenge is to avoid what's been called sequestration which is the process in place when they did the debt ceiling deal over a year ago. so, i think there's got to be an agreement, but to your specific question, jamie, the democrats have numbers saying that we've got to raise rates. the republicans say you can do it without raising rates. so there are two sets of numbers on both sides and despite angela's optimism, which i hope is born out, i see no evidence to suggest that we have any agreement on either a frame work or numbers. >> jamie: so, angela, is there a compromise? could you envision a compromise? both sides coming together and if not, can the president take action on his own during a lame duck session, for example? >> well, nancy pelosi seems to think, as she was mixed up with the 11th and 14th amendment in raising the debt ceiling, the congress and the president needs to work together, but as for numbers, the congressional budget office came
cliff? >> well, i think the immediate challenge is to avoid what's been called sequestration which is the process in place when they did the debt ceiling deal over a year ago. so, i think there's got to be an agreement, but to your specific question, jamie, the democrats have numbers saying that we've got to raise rates. the republicans say you can do it without raising rates. so there are two sets of numbers on both sides and despite angela's optimism, which i hope is born out, i see no...
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. >> arthel: lawmakers now have exactly one month to strike a deal to avoid the fiscal cliff. tax hikes affecting nearly all americans and across the board spending cuts set to kick in at the end of the year. so far both republicans and democrats are digging in on their demands and neither is putting forth a plan. >> i'm willing to move forward in good faith. our original framework still stands. instead of raising tax rates, we can produce similar amount of revenue reforming the tax code to close loopholes and lower tax rates. that's far better for the economy. >> the clock is ticking. the year is ending. it's really important with tax legislation for it to happen now. we're calling upon the republican leadership in the house to bring this legislation to the floor next week. >> arthel: let's bring in steve centanni with more. >> as you can see, the two sides are taking strong stands on principle, but aren't really getting any closer to a compromise as we speed toward that fiscal cliff. the president hit the road appearing at a pennsylvania toy factory yesterday and appealing f
. >> arthel: lawmakers now have exactly one month to strike a deal to avoid the fiscal cliff. tax hikes affecting nearly all americans and across the board spending cuts set to kick in at the end of the year. so far both republicans and democrats are digging in on their demands and neither is putting forth a plan. >> i'm willing to move forward in good faith. our original framework still stands. instead of raising tax rates, we can produce similar amount of revenue reforming the tax...
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he >> heather: lawmakers can reach a deal one month until the economy is set to go off the fiscal cliff. trading fire over looming tax hikes and spending cuts that threaten to plunge the economy into recession. affecting the lives of every single american. hello, everyone. i'm heather childers. welcome to another hour of america's headquarters. >> gregg: i'm gregg gregg jarrett. president obama is promoting his so-called balanced approach. republican leaders say the president's plan leaves the budget talks at a stand still. >> we've got some agreements about the high end tax cuts. republicans don't want to raise taxes on folks like me. i think i can pay a little bit more. >> they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean, it was not a serious proposal. so right now we're almost nowhere. >> gregg: steve centanni has more. >> the two sides taking verbal pot shots, but not really coming to any kind of agreement adds the clock continues ticking. the president hit the road yesterday using a campaign style appearance in pennsylvani
he >> heather: lawmakers can reach a deal one month until the economy is set to go off the fiscal cliff. trading fire over looming tax hikes and spending cuts that threaten to plunge the economy into recession. affecting the lives of every single american. hello, everyone. i'm heather childers. welcome to another hour of america's headquarters. >> gregg: i'm gregg gregg jarrett. president obama is promoting his so-called balanced approach. republican leaders say the president's plan...
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. >> heather: president obama sounding that lawmakers will reach a deal on the so-called fiscal cliff. expiring tax cuts that go into effect at the end of the year unless congress reaches an agreement. here is a report from washington. >> reporter: while touring a monastery, the fiscal cliff was on his mind and he told a buddhist monk that american leaders could use his prayers. >> president later said she going take any good thing he can get and prominent republicans indicates their party knows that concessions must be made to avoid the fiscal cliff. that is a two way street. g.o.p. is on board for new revenue doesn't mean that they on higher taxes over ten years like the president wants. >> if we take the president's deal that he has brought to the table, you know how many days that pays for the federal government? it's eight days, not eight months, eight days. >> house minority leader says she does not expect a deal for tax deals for the wealthiest americans but she thinks there is an agreement is on the horizon. >> the elements for an agreement is there. time is of the essence. th
. >> heather: president obama sounding that lawmakers will reach a deal on the so-called fiscal cliff. expiring tax cuts that go into effect at the end of the year unless congress reaches an agreement. here is a report from washington. >> reporter: while touring a monastery, the fiscal cliff was on his mind and he told a buddhist monk that american leaders could use his prayers. >> president later said she going take any good thing he can get and prominent republicans...
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>>gregg: there is a fiscal cliff looming and potentially another recession. what dot republicans do to try, if they obstruct again they are going to get the blame. john: it is crazy not to make a deal. we have to make a deal. we run the house of representatives, we have to be part of the deal with obama and the democrats. if we have to trade raising taxes on rich people politically as a republican, i'm all for it. i would do it. >>doug: obama doesn't seem like -- he is my way or the highway. to me the republicans have a simple plan, and that is to come out with their own tax reform program that lowers rates, limits deductions and raises more revenue from wealthy people and say we are true to our brand and doing what the republican wants. >>gregg: looking to 2016, pat, who are the people that the republican party need to look to? pat: they will look to jeb bush and clinton and rubio by beyond this, what we missing is the 70 percent of the country who against the way washington works and there was no candidate for them or party for them in this election. that i
>>gregg: there is a fiscal cliff looming and potentially another recession. what dot republicans do to try, if they obstruct again they are going to get the blame. john: it is crazy not to make a deal. we have to make a deal. we run the house of representatives, we have to be part of the deal with obama and the democrats. if we have to trade raising taxes on rich people politically as a republican, i'm all for it. i would do it. >>doug: obama doesn't seem like -- he is my way or the...